May 17, 2016 - Haldiram's in talks with PEs to sell stake, may raise $200m

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Sree Vijaykumar From the Editor's Desk Some students at Georgia Tech nominated Jill Watson as 'Outstanding Teaching Assistant' this spring, which was music to the ears of computer science professor, Ashok Goel. The students weren't aware, but Jill was an artificial intelligence bot. Now Goel is forming a business to bring the chatbot to the wider world of education. While he doesn't foresee the chatbot replacing teaching assistants or professors, he expects the chatbot's question-answering abilities to be an invaluable asset for massive online open courses, where students often drop out and generally don't receive the chance to engage with a human instructor. With more human-like interaction, Goel expects online learning could become more appealing to students and lead to better educational outcomes Haldiram's in talks with PEs to sell stake, may raise $200m In what may be one of the most anticipated investment deals in the Indian consumer market, snack-food manufacturer Haldiram’s has held initial talks with top-tier private equity funds for a possible $200 million or Rs 1,300 crore capital infusion, people familiar with the development said. Government taps profitable PSUs for Skill India Mission Profitable central PSUs asked to ensure they have apprentices equal to at least 2.5% of their total workforce Sebi may ask stock exchanges to monitor algorithm trades Sebi may introduce steps such as speed bumps, order bunching of trades and order randomization How agritech and healthcare tech are creating social impact TJay has developed a wearable product and cloud solution to enable tracking, remote monitoring and support for people with epilepsy. Private equity fund ASK real estate exits ATS Project in Gurgaon at 25% IRR Getamber Anand, managing director of ATS Infrastructures said that in the current market there is demand but the market is in turmoil. The steady rise of MNCs MNCs should plan for a rate of growth over the next 20-25 years higher than that achieved over the past 25 years The pros and cons of subsidies through direct benefit transfer The main takeaway is that PAHAL is potentially a much better alternative compared to PDS EduPristine raises $10 million in a second funding round Private equity fund Kaizen Management Advisors and US-based education company DeVry Inc participated in the round NTPC, Coal India in joint venture to help revive FCIL NTPC-Coal India venture to set up two urea factories on premises of troubled Fertilizer Corp Capping big companies borrowing: Banks may need Rs 1 trillion more new funds Of the Rs 1 trillion of additional capital, the fund-starved public sector banks alone would need Rs 93,000 crore, India Ratings director said. RBI seeks market feedback on allowing FPIs in unlisted corp bonds Relaxation should come with a caveat as borrowing companies cannot use such bond proceeds for real estate activities, purchase of land, investing in capital market or on-lending to others. Sebi orders impounding Rs 5 crore in SMS-based investment scam Markets watchdog Sebi today ordered impounding unlawful gains of over Rs 5 crore from two individuals and their associated firms. DBS Bank to set up offshore tech hub in Hyderabad It has created a wholly-owned subsidiary -- DBS Asia Hub 2 -- for this purpose and according to a filing with the exchanges, the initial and paid-up capital for the same stands at Rs 70.5 crore. CPSEs hold Rs1.8 trillion in cash, cash equivalents as government mulls buyback option An official advising the govt on its divestment strategy said that buybacks provide another option to raise money in the light of weak market conditions and low appetite for government stock RBS confirms exit of retail banking branches in India The bank added that it will support its customers and employees through the transition and ensure least possible disruptions. Pfizer to buy Anacor Pharma in $5.2 billion deal The deal will give Pfizer access to Anacor’s non-steroidal topical gel to treat eczema, a skin disorder that affects about 18-25 million people in the US Bandhan Bank sold Rs 3,200 crore priority loans to bigger lenders The Kolkata-based lender said it gross advances was Rs 15,500 crore at the end of March while deposits was Rs 12,088 crore. India to renegotiate tax treaty with Singapore: FM Arun Jaitley India had in August 1982 signed the treaty with Mauritius to eliminate double taxation of income and capital gains to encourage mutual trade and investment. Divestment blueprint targets strategic sales after buyback Finance minister Arun Jaitley says cash-rich PSUs could go for share buyback when prices are low and sell stakes when market improves Bank of Baroda shares slump most since November on bad-loan outlook Bank of Baroda shares slumped the most since November after the lender reported a surprise quarterly loss and its chief executive officer flagged an increase in bad loans over the coming months PayU India, Paytm get in-principle approvals for consumer bill payment services Consumers will be able to pay all their bills anytime and anywhere under the Bharat Bill Payment System (BBPS), and the companies will provide platforms to offer these services. Tech start-ups come up with some creative definitions for ‘profitable’ To project a healthy business, firms have started shouting to the world how they are (or soon will be) profitable—at least, by some definitions of the term Paytm hires 2 Citi executives for its payments bank The payments bank first appointed CEO Shinjini Kumar from research and consultancy firm PricewaterhouseCoopers (PwC) in February, followed by Vikas Purohit from Amazon. India seeks to pay $6.5 billion to Iran for oil imports Dharmendra Pradhan had told Iranian officials that India was committed to making the payment as and when banking channels, acceptable to both sides. GE Power India to grow 50% in 2016: Steve Bolze GE Power’s president and CEO Steve Bolze says India has become a real microcosm for everything going on in the global power sector HCC shelves Lavasa IPO plan for third time Sebi approval for the IPO of Lavasa lapsed last November and since the market was not conducive HCC did not proceed with it, CFO Praveen Sood said Autorickshaw aggregator Jugnoo re-enters hyperlocal delivery business The service has started in Chandigarh and will be expanded to other cities, beginning with Gurgaon in the next one month, Jugnoos founder Samar Singla said. CCI to decide on cashbacks given by online payment platforms like Paytm and Mobikwik Mobile wallet payments grew rapidly to more than Rs 20,000 crore in 2015-16 from just over Rs 2,000 crore in 2013-14. Centre to start 100 generic medicine outlets in states Hindustan Times The central government will open 100 generic medicine stores in Maharashtra. The government will also give a subsidy of Rs2.5 lakh to those interested in setting up shop, Union minister for chemical and fertiliser Ananth Kumar declared on Monday. He ...sp; IKEA's 'democratic design' starts from home visits To build a bigger network of Indian suppliers Havmor ice cream brand to enter Delhi market on May 17 This year, the company plans to set up a new ice cream facility at Faridabad for Rs 80 crore. This plant will add 1 lakh litres to its existing capacity of 2.2 lakh litres per day. Panasonic plans refrigerator plant in India Panasonic India and South Asia president Manish Sharma said the move is triggered by the huge market for refrigerators in India. Flipkart to promote brands prominently during searches by customers on its website and mobile app Flipkart has already signed up 100 — is in line with the strategy to open up brand stores and focus on the delivery experience of its biggest sellers. Mobile marketing and consumer rewards platform Crownit gets funding Gurgaon-based GoldVIP Technology Solutions Pvt. Ltd, which runs mobile-based marketing and customer rewards management platform Crownit, has raised a Series B round of funding from a Silicon Valley-based investor and a Mumbai-based investor, a person privy to the development told VCCircle. Existing investors, Accel Partners and Helion Venture Partners have also participated in the funding round. “The mew investors have infused about $4 million in this round,” the person mentioned above said requesting anonymity. The overall deal size could not be immediately ascertained. Intellectual Property Rights: New policy may power R D, national growth The announcement of the new IPR policy has been a much sought after reform considering the unfavourable regulatory environment prevalent in the country. The new policy is expected to encourage the IPR regime, making it more efficient. Sify announces dividend on Equity Shares of the company for the third year in a row SANTA CLARA, Calif., May 16, 2016-- Sify Technologies Limited, headquartered at Chennai, India, a leader in Managed Enterprise, Network, IT and. From Google's Rajan Anandan to TVF's Arunabh Kumar, an insider's view into disruptive digital marketing strategies All about the disruptive digital media strategy relevant for startups. Transsion Holdings enters India with mobile brand itel Transsion Holdings Conglomerate, one the world’s largest smart feature phone manufacturer and a leading supplier of communication devices, has today announced its entry into the highly competitive Indian smartphone market with its mobile brand itel. The company will be rolling ... MediaTek is hoping growth in 4G handset sales in India to account for over 10% of its global shipments in 2016 Smartphone chipmaker MediaTek expects India to account for over 10 percent share of its global shipments this year on the back of burgeoning handset sales in the country. AT T investment strategy: What Indian telecoms need to learn Indian telecom network operators such as Bharti Airtel, Idea Cellular, Vodafone, Reliance Jio, etc. need to learn from the investment strategy of American wireless operator AT&T. AT&T is investing heavily in both wireless and wired networks, 4G LTE networks, Distributed Antenna System (DAS), Wi-Fi hotspots, HD Voice, fiber, high-speed broadband , VoLTE and small cells. Criteo Pursues Further In-market Growth with New Office in New Delhi, Appoints Ajeet Kandachar as Managing Director of India Criteo(NASDAQ: CRTO), the performance marketing technology company, today officially announced the opening of a new office in New Delhi and the appointment ofAjeet Kandacharas Managing Director of India, to lead the business in one of its largest strategic growth markets globally. BedBathMore raises an undisclosed amount of funding from Rocket Internet, others; aims to strengthen the platform and enhance the user experience Home décor portal BedBathMore.com, which is operated by Mumbai-based Home Craft Online Pvt. Ltd, said it has raised an undisclosed amount of funding from a group of investors that included Rocket Internet, as it aims to strengthen the platform and enhance the user experience, according the firm’s founder and CEO Amit Dalmia. 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